Art Miami to move to Biscayne Bay site in 2017

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Collectors won’t be heading into the Midtown/Wynwood art district in Miami next year to attend Art Miami during the December art fair extravaganza. The fair has signed a multi-year agreement with Resorts World Miami to rent a vacant lot on Biscayne Bay just north of the MacArthur Causeway and the Perez Art Museum, where Art Miami and its sister fair Context will be held in 2017, the Miami Herald reports.

The 14-acre lot will permit the growing fairs to expand, said Nick Korniloff, partner, executive vice president and fair director of Art Miami. “A lot of our clients have asked for more space,” he told the Herald. “We just really needed to expand. Midtown has contracted; lots have been selling. The timing was correct.”

The site’s proximity to the causeway, parking garages and public transportation are another advantage, he said. The terms and length of the agreement were not disclosed.

Genting Group, which owns the Resorts World Miami project, bought the property for $236 million in 2011 with plans of developing a luxury casino resort. That hope died when faced with Florida’s restrictive gaming laws. A Genting spokesman told the Herald the company welcomed the fairs but is considering other options for the property.